Bitcoin is trading with a heavy tone amid signs of excess leverage and greed in the market. The largest cryptocurrency by market value was changing hands near $58,900 at press time, representing a 2.3% drop on the day. It is down 12% from last week’s record high of $66,975, CoinDesk 20 data shows. A pullback was overdue, and more downside volatility could be in the offing, according to analysts. “Estimated leverage ratio is about to hit a year-high. It seems obvious that the market is… Source link

Last week, bitcoin had almost touched $67,000. Photo: Reuters Bitcoin’s price crashed on Wednesday morning, falling below $60,000 (£43,725), just a week after hitting a new all-time high. At the time of writing, bitcoin (BTC-USD) was down roughly 6% to trade at $59,115. Last week, it had soared to an all-time high of around $67,000, a day after the first-ever bitcoin futures exchange-traded fund (ETF) in the US made its debut on the New York Stock Exchange (^AMZI). Ethereum (ETH-USD), the… Source link

Do you have ALGO tokens but want to trade them for LTC? Many platforms are facilitating such exchanges. We guide you on how to exchange ALGO to LTC –find out below! What is ALGO? ALGO is a digital coin operating on the Algorand blockchain. Like other FIAT currencies, ALGO is profitable for investors yet volatile. Many crypto investors are slowly embracing this altcoin –you need an Algorand wallet to hold these tokens.  Your account should have at least one ALGO… Source link

Bitcoin (BTC) fell sharply on Oct. 27 as $60,000 finally gave way to two-week lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bites into major buy wall Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $58,000 at the time of writing, hitting its lowest since Oct. 15. The move follows multiple retests of $60,000, with Bitcoin now taking liquidity in a large support wall with $57,000 as its base. Analysts, as Cointelegraph reported, were already… Source link

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Litecoin price has entered a tight congestion zone since the initial spike above the Cloud on October 20th. The trading range has been limited to the Tenkan-Sen at $196 above and Senkou Span B at $188 below. Thus, Litecoin has prime conditions for a bullish expansion move to occur, but bulls are unable or unwilling to make that happen. SafeMoon price has made some astounding progress in October, rallying over 145% from the lowest open in its history on the first… Source link

Litecoin price achieves one of the most sought-after bullish entry conditions within the Ichimoku Kinko Hyo system. Markey awaits buyers to capitalize on the bullish technical conditions. Failure by bulls to step in and rally Litecoin could signal imminent selling pressure. Litecoin price has entered a tight congestion zone since the initial spike above the Cloud on October 20th. The trading range has been limited to the Tenkan-Sen at $196 above and Senkou Span B… Source link

Markets Still, blockchain data show bitcoin holder positioning is consistent with the early stage of a bull market, one firm says. By Damanick Dantes, Helene Braun Oct 26, 2021 at 8:34 p.m. UTC Updated Oct 26, 2021 at 9:59 p.m. UTC Bitcoin 24-hour price chart (CoinDesk) Source link

Monero (CCC:XMR-USD) is a potential play that crypto traders are going to want to keep an eye on as regulations surrounding digital assets increase. Source: Wit Olszewski / Shutterstock.com Let’s jump into Monero crypto with some details for traders. First off, note that Monero is one of the oldest blockchains around. It got its start back in 2014 before the crypto craze really kicked off. The blockchain’s big focus is on offering privacy to investors. That includes the… Source link

Bitcoin Latinum Continues its Momentum With Top Tier Global Exchange Listings PALO ALTO, Calif., Oct. 26, 2021 (GLOBE NEWSWIRE) — Bitcoin Latinum (LTNM), the next generation insured asset-backed cryptocurrency, continues to gain momentum and expand its global acceptance as it announced today its planned listing on HitBTC Exchange, a top crypto exchange in terms of 24 hour volume. LTNM will be available for trading with BTC and USDT pairs, and the official trading is expected to start at the… Source link